RE:What indicators do you look at?dbutch1976 wrote: For a while I looked at API and EIA reports etc ...... Whatever I'm looking at isn't helping.
I think Canadian rig counts help the most as they are indicative of sentiment. I think there has been a collective retail mindset that the prices will collapse at any moment, and certainly WCS has done that repeatedly in the face of WTI gains.
On top of that I believe there has been an institutional recognition of Canada’s political environment that is primarily antagonistic to oil / gas / pipelines.
Protestors of every stripe are well financed in Canada.